Home News What Is SafeMoon and How Can I Buy It?
All
Trend
Technology

What Is SafeMoon and How Can I Buy It?

2022-05-25 16:42:45
How Can An Investor Buy SafeMoon Easily In 2022?
SafeMoon describes itself as a decentralized finance (DeFi) token that enables trades on peer-to-peer chain networks without the intervention of centralized systems such as banks or governments. SafeMoon investors are encouraged to hold their tokens, and not to sell them. In fact, anyone who sells SafeMoon coins will be hit by a 10% fee, of which half will be paid as a dividend to current holders. The founders of the project say that the idea behind this sale penalty is to discourage day trading and prevent the significant price volatility of which the majority of cryptocurrencies suffer from.

In the spring of 2021, numerous people were attracted to a noticeable increase in SAFEMOON price, which spiked immediately after the project was launched. The reason seems to be the fact that its currency was created specifically to be deflationary and destined to grow in value over time. However, despite the great attention it attracted, SafeMoon did not appear as a coin to buy on many platforms, maybe because the project is still in its early stages and needs to develop. Therefore, the purchase method recommended by the team is to download the original SafeMoon wallet and purchase Binance coin (BNB). After this, you can proceed with the BNB-SAFEMOON swap.

Is There an Easier Way to Buy SafeMoon?

For those who already know how to use the decentralized exchange PancakeSwap, it can be an alternative option. Whit PancakeSwap, it is necessary to have the wrapped version of BNB token in order to be able to make the swap. In fact, the only available coin pair at the moment is SAFEMOON-WBNB.

The easiest and most common way for a beginner to start interacting with cryptocurrencies is by using a crypto exchange. In fact, these platforms offer different ways to buy and sell cryptocurrencies, as well as many other financial instruments suitable for any level of risk. Nowadays, there is a wide selection of these types of service providers, so the challenge is to be able to choose which one is the most suitable for you. At the moment, one of the best crypto platforms for easySafeMoon purchase is Gate.io exchange. Gate.io has decided to support the SafeMoon project by giving the community the opportunity to buy the token directly with the USDT stablecoin. Users can also keep their coins in their accounts, without having to worry about managing a private wallet or withdrawing the funds to an external wallet.

Are There Any Risks in Investing in SafeMoon?

It is well known that cryptocurrency prices are extremely volatile as a result of their highly speculative nature. No currency is an exception, so it is always recommended that you invest with caution and do your own research before investing. SafeMoon is still a very young project and it probably needs some time to prove its worth in this industry. Despite its desire to achieve some stability through the fees levied on investors who sell their tokens, Safemoon has still been affected by a substantial price volatility, which makes it a high risk investment. A good thing to do would be to follow the developments of the project and try to understand if it has potential for future growth.
SafeMoon

News Tags

SOLANA
BITCOIN
SHIB
ETH
EXCHANGE
SAFEMOON
ETHEREUM